Can I retire at age 80 with 15,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,228,202
2 years$633,651$621,850$610,413$599,324$588,568$580,710
3 years$418,238$406,386$394,978$383,993$373,411$365,730
4 years$310,552$298,737$287,443$276,645$266,320$258,873
5 years$245,958$234,213$223,067$212,490$202,452$195,262
6 years$202,909$191,253$180,271$169,930$160,194$153,269
7 years$172,172$160,614$149,806$139,709$130,280$123,625
8 years$149,130$137,676$127,048$117,198$108,080$101,694
9 years$131,217$119,871$109,426$99,827$91,019$84,901
10 years$116,896$105,661$95,400$86,052$77,553$71,699
11 years$105,186$94,064$83,989$74,891$66,698$61,105
12 years$95,434$84,426$74,538$65,689$57,799$52,462
13 years$87,190$76,297$66,595$57,994$50,402$45,315
14 years$80,129$69,352$59,836$51,480$44,182$39,339
15 years$74,015$63,354$54,024$45,911$38,901$34,297
16 years$68,671$58,126$48,980$41,109$34,381$30,008
17 years$63,960$53,532$44,570$36,936$30,485$26,336
18 years$59,778$49,466$40,687$33,287$27,106$23,174
19 years$56,040$45,845$37,247$30,077$24,160$20,438
20 years$52,680$42,601$34,183$27,241$21,580$18,060
21 years$49,644$39,681$31,442$24,723$19,312$15,987
22 years$46,887$37,041$28,979$22,479$17,310$14,173
23 years$44,374$34,644$26,757$20,472$15,539$12,581
24 years$42,074$32,459$24,745$18,671$13,966$11,180
25 years$39,961$30,461$22,919$17,052$12,568$9,946
26 years$38,014$28,628$21,256$15,591$11,320$8,856
27 years$36,214$26,943$19,738$14,271$10,206$7,891
28 years$34,546$25,388$18,349$13,075$9,209$7,037
29 years$32,996$23,951$17,076$11,990$8,316$6,279
30 years$31,551$22,619$15,905$11,004$7,514$5,606
31 years$30,203$21,382$14,828$10,106$6,793$5,007
32 years$28,941$20,232$13,835$9,288$6,145$4,474
33 years$27,758$19,160$12,918$8,541$5,561$4,000
34 years$26,647$18,159$12,070$7,859$5,035$3,577
35 years$25,602$17,224$11,284$7,234$4,560$3,199
36 years$24,618$16,348$10,556$6,663$4,132$2,863
37 years$23,688$15,527$9,880$6,139$3,745$2,562
38 years$22,810$14,756$9,252$5,658$3,395$2,294
39 years$21,979$14,031$8,669$5,217$3,079$2,054
40 years$21,191$13,350$8,125$4,812$2,793$1,839
41 years$20,444$12,708$7,619$4,440$2,534$1,647
42 years$19,734$12,102$7,147$4,097$2,299$1,475
43 years$19,059$11,531$6,706$3,782$2,086$1,322
44 years$18,416$10,992$6,295$3,492$1,894$1,184
45 years$17,804$10,482$5,911$3,225$1,719$1,061
46 years$17,220$9,999$5,551$2,979$1,561$951
47 years$16,663$9,542$5,216$2,752$1,417$852
48 years$16,130$9,109$4,901$2,543$1,287$764
49 years$15,621$8,699$4,607$2,351$1,169$685
50 years$15,133$8,309$4,331$2,173$1,062$614

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $15,500,000, adding $4,858 every year, while hoping to spend $26,968 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 41/40/19 Blend
79$15,500,000$15,500,000$15,500,000$15,500,000
80$17,086,011$16,264,511$16,024,261$17,690,655
81$18,800,090$17,032,778$16,532,380$18,889,536
82$20,688,102$17,837,787$17,056,617$20,183,363
83$22,767,759$18,681,309$17,597,484$21,583,205
84$25,058,578$19,565,201$18,155,508$23,098,766
85$27,582,070$20,491,412$18,731,234$24,740,688
86$30,361,934$21,461,985$19,325,223$26,520,647
87$33,424,289$22,479,060$19,938,056$28,451,455
88$36,797,915$23,544,882$20,570,330$30,547,176
89$40,514,529$24,661,808$21,222,662$32,823,250
90$44,609,078$25,832,304$21,895,689$35,296,627
91$49,120,077$27,058,960$22,590,067$37,985,923
92$54,089,965$28,344,489$23,306,475$40,911,587
93$59,565,510$29,691,738$24,045,610$44,096,080
94$65,598,250$31,103,690$24,808,196$47,564,082
95$72,244,976$32,583,476$25,594,975$51,342,712
96$79,568,273$34,134,376$26,406,716$55,461,773
97$87,637,107$35,759,830$27,244,212$59,954,027
98$96,527,478$37,463,448$28,108,278$64,855,485
99$106,323,135$39,249,011$28,999,760$70,205,741
100$117,116,370$41,120,487$29,919,527$76,048,329